Common use of Purchase and Sale of Business Clause in Contracts

Purchase and Sale of Business. Seller shall sell to Purchaser, and Purchaser shall purchase from Seller all of Seller's interest in all the business assets, goodwill and rights owned by Seller and used in the operation of Seller's business ("Seller's Assets"), including (i) the right to use Seller's business name, (ii) the assets listed in the Bill xx Sale and Assignment attached as Exhibit "A", (iii) the assets listed on the Balance Sheet described in Section 5.3, except for assets disposed of in the ordinary course of Seller's business between the Balance Sheet Date and the Closing Date, and (iv) all patents, licenses, trademarks, service marks, service names, trade names, copyrights, and applications therefor. Seller shall transfer Seller's Assets free and clear of all liabilities and liens except as provided by this Agreement.